Opposition committed foeticide of govt's honest effort: PM Modi | Highlights

HDFC Bank CEO Sashidhar Jagdishan backs Keki Mistry to stay on as board chair

West Asia crisis: India ramps up fuel supply as 17.25 lakh LPG cylinders sold, auto LPG up 70%

Yogi Adityanath govt’s mega power plan: 34,000 MW supply as UP eyes record 33,375 MW demand

UP potato procurement cleared at Rs 6,500/ton; Centre boosts pulses support in Andhra & Karnataka

Good news for shipping sector: Cabinet clears Rs 12,980 crore maritime insurance pool amid Hormuz tensions

PM Narendra Modi to address the nation at 8:30 pm tonight, a day after women’s quota bill setback in Lok Sabha

Good news for central govt employees: 2% DA hike for January 2026 cleared; how much will salary increase?

Trump extends waiver permitting countries to buy Russian crude: Here's what it could mean for oil market

Strait of Hormuz will not remain open if US blockade continues, says Iranian Parliament Speaker

In both cases, the RBI said the issue of the directions under the Banking Regulation Act should not per se be construed as a cancellation of banking licenses issued to them.

Customers of THESE two cooperative banks barred from withdrawing cash by RBI

The Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, has invited applications for the post of managing director and chief executive director of Union Bank of India for a three-year term.

Banks Board Bureau invites applications for position of Union Bank of India MD

Framework under NPA ordinance by RBI may be out within 15 days

As both government and RBI trying to do all they can, lets have a look at other countries who tackled with the same so-called NPA problems. Some of these methods may help India &nbsp;in their problem as well.&nbsp;

NPAs: This is how other countries deal with their bad loans 

As per the new rules, under Section 35AA - the central bank is entitled to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default under the provisions of the Insolvency and Bankruptcy Code.

New NPA norms give more power to RBI to settle bad loans but is it that easy?

The draft published on Gazette of India said, “Whereas the stressed assets in the banking system have reached unacceptably high levels and urgent measures are required for their resolution.”

Here's a view of Banking ordinance assented by President to tackle banks' NPA crisis

The Cabinet's decision got a thumbs-up from the market as Bank Nifty rallied 1.85 per cent to close at 22,720.10.

President Mukherjee likely to promulgate banking ordinance today

Finance Minister Arun Jaitley said late on Wednesday that the federal cabinet had taken some significant decisions related to the banking sector, without revealing details saying the decisions needed Presidential assent.

Banking rules revamp to make bad loan resolution more effective, says finance secretary

The Executive Order on the NPA policy has been sent to the President and it is expected to get the nod from him tonight.

Cabinet takes important decision to resolve rising NPA problem